head and shoulders formation????
hello everyone!
im new here and i just wanted to share my analysis if anyone thinks its wrong or can be improved on please let me know!
ive established a support and resistance zone from 23ish july to now it acted as support for the initial 3 times until i broke through in september switching from support to resistance but only briefly before it becomes another valid support line for a potential head and shoulders formation.
so im guessing we wouldve be expecting a a heads and shoulders? can anyone vouch for this? ive been constantly reading through other peoples analysises and its pretty fun to see how others perceive these patterns!
happy trading!
im new here and i just wanted to share my analysis if anyone thinks its wrong or can be improved on please let me know!
ive established a support and resistance zone from 23ish july to now it acted as support for the initial 3 times until i broke through in september switching from support to resistance but only briefly before it becomes another valid support line for a potential head and shoulders formation.
so im guessing we wouldve be expecting a a heads and shoulders? can anyone vouch for this? ive been constantly reading through other peoples analysises and its pretty fun to see how others perceive these patterns!
happy trading!
Penafian
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